Jiangsu Rainbow Heavy Industries Third Quarter 2024 Earnings: EPS: CN¥0.091 (vs CN¥0.066 in 3Q 2023)

Jiangsu Rainbow Heavy Industries (SZSE:002483) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.00b (up 3.5% from 3Q 2023).
• Net income: CN¥81.2m (up 38% from 3Q 2023).
• Profit margin: 4.1% (up from 3.1% in 3Q 2023).
• EPS: CN¥0.091 (up from CN¥0.066 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Jiangsu Rainbow Heavy Industries Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China.

Performance of the Chinese Machinery industry.

The company's shares are up 4.6% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Jiangsu Rainbow Heavy Industries.

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